Wallace Road, New Smyrna Beach, FL 32168
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: donna concannon, david kosmas
Office: nsb homes llc.
MLS#:NS1087589
Source:MFRMLS
Price summary
- Price:$225,000
About this home
Prime development opportunity in the heart of New Smyrna Beach’s thriving business district! This **0.72-acre vacant lot** is zoned **B-2 (Highway Business)**, offering exceptional flexibility for a variety of commercial or mixed-use development possibilities. The zoning allows for **multifamily residential construction**, making this an ideal site for investors, developers, or builders looking to capitalize on the strong growth and demand in the area.
Positioned in a highly visible and accessible location, the property sits within close proximity to major thoroughfares, established businesses, retail, dining, and the vibrant coastal lifestyle that makes New Smyrna Beach one of Central Florida’s most desirable markets.
**Seller already has development plans drafted**, providing a valuable head start for buyers interested in bringing a multifamily or mixed-use project to life. With nearly three-quarters of an acre to work with, this parcel offers ample space and outstanding potential for income-producing development.
Opportunities like this are rare in such a prime location. Don’t miss your chance to secure a strategically located parcel with strong investment potential in one of Florida’s fastest-growing coastal communities.
**Highlights:**
* 0.72 acres vacant land
* B-2 (Highway Business) zoning
* Multifamily development permitted
* Seller has preliminary development plans drafted
* Located in the heart of the New Smyrna Beach business district
* Excellent opportunity for investors and developers
Buyer must verify all permitted uses and options for the property with the municipality BEFORE making any offer....
Contact an agent
Home facts
- Listing ID #:NS1087589
- Added:47 day(s) ago
- Updated:May 01, 2026 at 12:22 PM
Structure and exterior
- Lot area:0.72 Acres
- Lot Features:Central Business District, Fire Hydrant
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public, Public Sewer, Sewer Available
Finances and disclosures
- Price:$225,000
- Tax amount:$1,576 (2025)
Features and amenities
- Amenities:Electricity Available
- Pool features:Public Pool
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